IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 12 Dec 2013 | Removal date: open ended
Still in force

FDI: Financial incentive

One of the items announced at the Third Meeting on Trade and Investment Promotion relates to the promotion of selected service sectors. In a press release on 12 December 2013 the Ministry of Strategy and Finance, the following steps were described:

1. "To help attract foreign patients, the government will raise the cap on the number of foreign patients in large hospitals from 5 percent of total beds to 12 percent and will allow advertising."

2. "The government will help attract excellent foreign educational institutions to the country by allowing joint establishment with Korean counterparts. These institutions are expected to contribute to substituting overseas education demand and growing talented human capital."

Note the commerce substituting objective of the second measure.

AFFECTED COUNTRIES

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